Question about bookies and odds...

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Member

Join Date: Jul 2006

Posts: 252
#1

Question about bookies and odds...

06-07-08, 16:36

hi,
I understand that bookies are setting the odds for a bet and I can change it to precents, I read it in the forum.
I have a question about that.
I will give an example from my local bookie:
Home Win: 2.65 = 37.7%
Draw: 2.70 = 37%
Away Win = 2.00 = 50%

now it should be a sum of 100% but it is: 38% + 37%+ 50% = 125%
and every I have in my local gets to 125%.

Why is it 125%? is there an explanation?
Thanks.
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CG

Senior Member

Join Date: Feb 2003

Posts: 16479
#2

06-07-08, 16:37

'bookies margin'

http://www.puntingace.com/bettingguide/bookmaking.htm
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Question about bookies and odds...

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